El Paso Natural Gas Company
First Revised Volume No. 1-A
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Effective Date: 10/01/1993, Docket: RS92- 60-016, Status: Effective
Original Sheet No. 299C Original Sheet No. 299C : Superseded
GENERAL TERMS AND CONDITIONS
31. WASHINGTON RANCH FACILITY STRANDED INVESTMENT COST RECOVERY
This Section 31 applies to those Shippers having an executed
Transportation Service Agreement with El Paso for firm forward haul
service subject to either Rate Schedule T-3 or Rate Schedule
FTS-S. In addition to other charges otherwise due under such Rate
Schedules, Shipper shall pay the Reservation Surcharge pursuant to
this Section 31.
31.1 Purpose - This Section 31 establishes the procedures which
will permit El Paso to recover from its Shippers one hundred
percent (100%) of stranded investment costs associated with
the Washington Ranch Facility. Such costs shall be allocated
to El Paso's Rate Schedule T-3 and FTS-S firm forward haul
Shippers based on each Shipper's reservation revenue
responsibility, as established in the Settlement at Docket No.
RP92-214-000, et al., for the period termed "Prospective
31.2 Effectiveness - Commencing with the effective date of
El Paso's Stipulation and Agreement at Docket No.
RP92-214-000, et al., El Paso shall be entitled to bill and
collect the Washington Ranch Facility stranded investment
costs. Such costs will accrue interest effective February 1,
1993 and shall be fully amortized by December 31, 1996.
31.3 Definitions - The definition of terms applicable to this
Section 31 are as follows:
(a) Recovery Period - The period beginning on the effective
date any new rates become effective under this Section 31
and ending on the day prior to the effective date of any
succeeding rate change under this Section. The initial
recovery period shall begin upon the effectiveness of the
Settlement at Docket No. RP92-214-000, et al., and end on
the day prior to the effective date of the second
recovery period. The subsequent recovery periods shall
be the six (6) month periods commencing each January 1
and July 1 until all amounts have been amortized and
interest thereon has been recovered.
(b) Monthly Amortized Amounts - The Monthly Amortized Amounts
shall be allocated to El Paso's firm forward haul
Shippers based on each Shipper's forward haul reservation
dollar allocation as established at Docket No.
RP92-214-000, et al., "Prospective Period." The Monthly